Toehold purchase - Often used in risk arbitrage. Accumulation by an acquirer of less than 5% of the shares of a target company. Once 5% is acquired, the acquirer must file with the S.E.C. and other agencies to explain his intentions and notify the acquiree. See: Rule 13d.
Toehold purchase : often used in risk arbitrage. accumulation by an acquirer of less than 5% of the shares of a target company. once 5% is acquired, the acquirer must file with the s.e.c. and other agencies to explain his intentions and notify the acquiree. see: rule 13d.
Toehold purchase